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Wales protected from EU cuts

David Cameron has written to Carwyn Jones telling him that he will use the UK's ability to reprioritise its European aid so that Wales will only suffer a 5% cut -a move he says is worth 375 million euros.

PM has listened -but we're still disappointed says First Minister

Carwyn Jones has been reacting to the letter he's received from the Prime Minister, saying that the cut in European aid to Wales will be limited to 5% because funds intended for England will be reallocated.

We remain disappointed that the overall EU budget agreement fails to deliver the scale of investment needed to stimulate growth and jobs, particularly for vulnerable regions such as West Wales and the Valleys.

That said, we are pleased that the Prime Minister has listened to our arguments and has sought to deliver a fairer settlement than that originally proposed. We hope that the UK Government will now move quickly to agree these arrangements with the European Commission so that our new programmes can start on time.